Take-Two Interactive is buying Zynga for $12.7 billion

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Zynga, which grew to become a cell and social gaming behemoth a decade in the past on the power of its hit recreation Farmville, is turning into part of Take-Two Interactive. Take-Two introduced in the present day that it has made a deal to acquire the company for $12.7 billion, a takeover that may flip the Grand Theft Auto writer into one of many greatest cell recreation corporations within the trade.

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“We’re thrilled to announce our transformative transaction with Zynga, which considerably diversifies our enterprise and establishes our management place in cell, the quickest rising section of the interactive leisure trade,” Take-Two chairman and CEO Strauss Zelnick mentioned. “This strategic mixture brings collectively our best-in-class console and PC franchises, with a market-leading, diversified cell publishing platform that has a wealthy historical past of innovation and creativity. Zynga additionally has a extremely proficient and deeply skilled group, and we stay up for welcoming them into the Take-Two household within the coming months.”

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